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Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA

"Severely restricted refining capacity is causing markets to price in long-term supply deficits in …

Phil Rosen   


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The huge OPEC+ oil output cuts could push the global economy into recession, IEA warns

"Higher oil prices may prove the tipping point for a global economy already on the brink of recessi…

Zahra Tayeb   


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Oil prices drop below $105 as Biden's record release of stocks and IEA's emergency meeting lift supply hopes

The 180-million barrel US release is the third time the Biden administration has tapped the SPR in …

Shalini Nagarajan   


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Russian oil revenue has been hurt by effective price cap even as exports by Moscow have been resilient, says IEA

Russia's export revenue fell 36% in January from a year ago to $13 billion, the IEA said in its Feb…

Carla Mozée   


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Demand for fossil fuels will peak this decade as Russia's war on Ukraine reshapes world energy order, IEA says

Russia's war on Ukraine is reshaping world energy order, paving the path for an accelerated shift t…

Jennifer Sor   


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The world is in the middle of the 'first truly global energy crisis' and needs Russian oil to flow into the market, IEA chief says

The OPEC+ move to slash oil output raises the risk of a global recession, Fatih Birol warned, but s…

George Glover   


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Russia's deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says

Russia's oil output will likely take a hit by 1.4 million barrels per day and global crude prices w…

Zahra Tayeb   


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Russia's oil production is far higher than expected this year as it reroutes supplies to Asia, IEA says

The IEA thought Russian oil production would plunge by millions of barrels, but it's hardly dropped…

Harry Robertson   


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Europe's at risk of a natural gas shortage next year, and stockpiles may only get 65% full, IEA says

IEA chief Fatih Birol said "there is a danger of complacency creeping into the conversation around …

Phil Rosen   


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Volatile energy markets are here to stay if investment in sustainable power fails to keep up with energy demand, IEA warns

"We are not investing enough to meet future energy needs, and the uncertainties are setting the sta…

Matthew Fox   


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Global natural gas demand is expected to decline over the next three years as prices soar, according to the IEA

Russia's war with Ukraine is "damaging natural gas' reputation as a reliable and affordable energy …

Zahra Tayeb   


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Europe must cut down on natural gas this winter as 'reckless' Russia could shut off all pipeline flows, IEA warns

"Europe's security of gas supply is facing unprecedented risk as Russia intensifies its use of natu…

Zahra Tayeb   


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Russia's unexpectedly buoyant oil output since invading Ukraine will stall as Western sanctions eventually bite, IEA chief says

The absence of Western service companies and technology providers will eventually bite Russian oil …

Zahra Tayeb   


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Almost half of all global assets under management are now geared towards net-zero goals, according to a group of fund managers

41 new firms signed onto the Net Zero Asset Managers initiative, bringing the total of net-zero foc…

Sophie Kiderlin   


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Russian oil export revenues jumped in May to pre-war level of $20 billion as prices surged, the IEA says

India has massively stepped up its purchases of Russian oil, helping the country's export revenues …

Harry Robertson   


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Russian oil output will crater by 1.9 million barrels a day after fresh EU sanctions kick in, IEA says

In a Wednesday report, the International Energy Agency said looming European sanctions will cut int…

Phil Rosen   


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Global oil demand to return to pre-pandemic levels next year, although COVID hotspots will make the recovery uneven: IEA

The IEA said COVID will keep impacting demand due to continued outbreaks, unequal vaccination rates…

Sophie Kiderlin   


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Brent crude rallies to top $100 after an IEA warning about a Russian supply shortfall

Oil prices rose to top $100 a barrel Thursday after the IEA warned a coming fall in Russian supply …

Karen Friar   


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Renewable energy sources grew at their fastest rate since 1999 last year when COVID-19 struck, the IEA says

The International Energy Agency said that renewable energy sources increased by 45% during the COVI…

Sophie Kiderlin   


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Natural gas rationing may come to Europe this winter unless energy efficiency starts improving quickly, IEA chief warns

"I wouldn't exclude the rationing of natural gas in Europe, starting from the large industry facili…

Brian Evans